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Planning and Development.

Portage Park TIF

Designation: 1998 Expiration: 2021

The 190-acre Portage Park TIF district was created to reinforce the viability of the Portage Park business district. Characterized by older retail properties, industrial facilities, institutional uses and, to a lesser degree, residential uses, the TIF is intended to promote private investment through a variety of public financing initiatives. Funds are targeted for off-street parking improvements, building rehabilitation projects, land assembly and public works initiatives, and a wide range of aesthetic enhancements that promote pedestrian activity along major arterial streets. Funds are also intended to facilitate the orderly transition of obsolete industrial and commercial properties for new residential uses. Job training is also supported by the TIF.